Private Equity
Lehram believes mine worth £250m was transferred illegally by director to avoid jail term in SiberiaA British private equity firm is battling for the return of a £250m mine in Russia it believes was transferred illegally to a company linked to a Siberian billionaire.The case, filed in the commercial court in Kemerovo, the administrative centre of Russia’s coal belt, comes after a director of the UK firm was sent to prison where, it is claimed, he signed over the Gramoteinskaya coalmine and railway complex to avoid years behind bars. Continue reading...